Chinese luxury market declines over 18% in 2024, flat sales expected in 2025; ... While appetite for personal luxury goods in China and around the world is declining, ...

China has lowered the luxury car tax threshold to CNY900,000, impacting over half the market. Jaguar Land Rover faces margin ...

Ferrari isn't alone in facing pain in China's automotive market. In fact, it's faring far better than its western peers as it has purposely limited its sales in China to roughly 10% of its total.

Deflation deepens in China as US tariffs add to gloomy economic mood Luxury consumers increasingly shifting to second-hand market But overcapacity, supply growth outpaces demand, leading to deeper ...

Tata Motors-owned JLR sees its margins threatened by a double trouble on the duty front. It lacks a manufacturing facility in ...

The U.S. is facing monthly swings with tariffs-induced volatility impacting consumers' willingness to spend, and while China has had six consecutive quarters of negative growth, it is still above ...

Richemont jewelry sales surged 11%, beating expectations.Strong demand for Cartier offsets China luxury slowdown.Americas, ...

Luxury goods market faces a potential 5% drop, its worst downturn since 2009 (excluding 2020). Consumers, disillusioned by post-pandemic price hikes and stagnant creativity, are detaching from brands.

Luxury EV market in China nonexistent, says Porsche. Nuying Huang, Taipei; Kevin Wang, DIGITIMES Asia Wednesday 28 May 2025 0. Credit: AFP. Xiaomi has previously leveraged the technical know-how ...

The size of the Chinese market declined more than 18% last year to around 350 billion yuan ($48.80 billion) and sales are on track for a flat performance in 2025, according to estimates from ...

Reuters. Handbags are seen on shelves during a livestreaming session for the second-hand luxury goods retail platform Plum in Beijing, China October 7, 2020.